UBS Group AG has removed Credit Suisse’s signs at its one-time arch-rival’s former headquarters in Zurich, replacing them with its own.
The potential payout relates to an earlier deal over tax evasion by U.S. clients of Credit Suisse, the rival Swiss bank that UBS acquired in 2023.
The U.S. Department of Labor granted UBS a waiver the Swiss bank needs to continue managing U.S. retirement plans after a paperwork error had put the $11 billion of assets the lender oversees at risk,
UBS has obtained the necessary authorization from the Department of Labor to continue overseeing $11 billion in U.S. retirement plan assets, according to Reuters.
Credit Suisse Closed, But Didn't Report, Some Accounts. The Justice Department has reportedly questioned the bank over accounts totaling hundreds of millions of dollars that were
The name and logo of the former Credit Suisse headquarters at Paradeplatz 8 in Zurich's financial centre were officially replaced by those of UBS on Friday.
UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement with the U.S. Department of Justice over customers in the U.S. who evaded tax,
UBS is set to pay hundreds of millions of dollars in fines to settle Credit Suisse's tax evasion case with the US government.
The Swiss bank engaged in a “pattern of obstruction” by not sharing some information during past investigations into the lender’s ties to Nazis, the Senate Budget Committee said.
UBS (UBUS) is reportedly close to a settlement with the U.S. Department of Justice (DOJ) over Credit Suisse's violations of a 2014 plea agreement, potentially involving a payout of hundreds of ...
In a small but lucrative corner of the market for structured credit products, boutique funds run by former Credit Suisse executives are making rapid inroads.Most Read from BloombergThese Homes Withstood the LA Fires.
A settlement in the hundreds of millions of dollars related to a decade-old tax evasion case could come as soon as this week, the Wall Street Journal reported.